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Dec 26, 2012
12/12
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Jan 1, 2013
01/13
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. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint. >> please, an all star line up of fox talent including maria molina and what would new year's eve westbound out our guy? 11,000 babies will be born on new year's eve. think about that. what a great birthday. hopefully on the ground that, is not where greg gut feld will find himself tonight. happy new year to you. >> happy new year. 11,000 babies that will all look like bob beckel. scary. don't you think? >> scary. >> i'm seeing a lot of famous people. i thought i saw pierce morgan. it was a discarded lampe. my mistake. very questions i want to skt crowd. how are you doing sni want to ask you. what is confetti made out of? >> i don't know. >> it's
. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint....
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adam: to avert a fiscal cliff we have to go over tte fiscal cliff. the question is if the senate passes the deal and i that the house will pass the deal. we received a statement from the speaker of the house, john boehner. i want to read this for you word for word coming from leadership on the senate agreement. the house will honor its commitment to sue the senate agreement if it is passed. decisions about whether the house will seek to except a measure will be made when house members and the american people of babel to review the legislation. we have been talking about the legislation but with rich edson standing by live once again to explain to us what is at stake and what is to be considered. rich: good evening, adam. the number of different items in state tuition ongoing as to when exactly the senate will pass up. see how much this thing cost, say they have enough votes to get this through although joe biden says he is confident, feels pretty good this vote will end up his way. the deal he negotiate with mitch mcconnell and basically preserves cu
adam: to avert a fiscal cliff we have to go over tte fiscal cliff. the question is if the senate passes the deal and i that the house will pass the deal. we received a statement from the speaker of the house, john boehner. i want to read this for you word for word coming from leadership on the senate agreement. the house will honor its commitment to sue the senate agreement if it is passed. decisions about whether the house will seek to except a measure will be made when house members and the...
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Jan 1, 2013
01/13
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WMAR
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now, the fiscal cliff is in the hands of the house. you're going to learn what they agreed onto prevent us from going over the cliff. and you have the rules of the road and park space etiquette a woman faces charges after a close encount wear teen over a parking -- encounter with a teen over a park spot. and a scene out of hollywood. thieves
now, the fiscal cliff is in the hands of the house. you're going to learn what they agreed onto prevent us from going over the cliff. and you have the rules of the road and park space etiquette a woman faces charges after a close encount wear teen over a parking -- encounter with a teen over a park spot. and a scene out of hollywood. thieves
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Dec 31, 2012
12/12
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jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think the vice president's office somehow got moved away from the executive branch? i'm pretty sure the president via his vice president is leading. if that's the case, it sounds to me like they don't like what he's leading with. >> you said via. he hasn't built the relationships with members of his own party or the other party. so, yes, it makes sense that vice president biden is brought in because he still has relationships with people on the hill. >> but, susan, another issue here, and that is mcconnell having to go to biden because he's learned he can't depend on boehner to help him. >> well, i think -- >> no? stu
jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think...
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Dec 31, 2012
12/12
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you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come d
you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today...
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Dec 29, 2012
12/12
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FBC
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>> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be having different because of the fact that this whole process was coming up in addition to what the congressman was talking about? >> certainly was tree has been reacting to this, but i very much disagree about the causes. that is when we extended tax cuts do so wealthy individuals in 2001 and three did not need them and then we saw an incredible decrease in revenue as a result of wall street tanking our economy in the 2008 economic downturn. it's not an issue so much of expanding -- expand spending. spending is not a control. what is happening is revenue has declined. we need to not only increasthe r
>> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be...
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Dec 31, 2012
12/12
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as we said, we are about to go over the fiscal cliff. if a deal is not reached to avoid the fiscal cli by january 2nd, automatic domestic and military spending cuts will kick in and the pentagon will be forced to cut $9 million in spending. >> if lawmakers can't avoid the fiscal cliff, they may be able to avoid a different cliff, the dairy cliff. house and senate members appear likely to extend farm legislation for a year, a deal that would keep milk prices skyrocketing in january. we were worried about $6 gallon of milk. it could keep a decades old subsidy from coming back to life. the usda would be forced to buy milk at prices well above what farmers were getting now if the subsidy was revived. it could double the price of moib to $6.12 a gallon. >> markets have been reacting to each move on capitol hill, but obviously, things at this point are looking like the dow would open down by about 7.5 points. the dow is off 67 points and the nasdaq is down 14.75 points. all the surprised given the late hour that -- >> even if something doesn't
as we said, we are about to go over the fiscal cliff. if a deal is not reached to avoid the fiscal cli by january 2nd, automatic domestic and military spending cuts will kick in and the pentagon will be forced to cut $9 million in spending. >> if lawmakers can't avoid the fiscal cliff, they may be able to avoid a different cliff, the dairy cliff. house and senate members appear likely to extend farm legislation for a year, a deal that would keep milk prices skyrocketing in january. we...
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Dec 30, 2012
12/12
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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Dec 29, 2012
12/12
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that i
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could...
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Jan 1, 2013
01/13
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this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from the partisanship which is creating the gridlock. i think the far right of the republican party's holding congress hostage to a point. mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i do
this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from...
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Dec 31, 2012
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>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000
>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has...
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is now going over that so-called fiscal cliff. that so-called fiscal cliff. much more on that as well. with so much noise abt health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast! [ male announcer ] stop the uh-oh fast with kaopectate. >>> you're in "the situation room." two breaking news stories we're following. secretary of state hillary clinton is hospitalized with potentially serious blood clot in her head. doctors have just revealed the location. also, america is just hours away from a massive tax hike and spending cuts, heading over the dreaded fiscal cliff. president obama says an agreement, though, is within
is now going over that so-called fiscal cliff. that so-called fiscal cliff. much more on that as well. with so much noise abt health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers....
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Jan 1, 2013
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well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just hours ago, there is now a deal in place that could cushion that blow. here's what happened while you were sleeping. or sipping champagne or doing something else. on eleventh hour agreement crafted by vice president joe biden and mitch mcconnell in the senate has been passed by the senate by a margin of 89-8. that vote just took place a couple hours ago. now, it's up to the republican-controlled house to take up that plan later this morning, and that is where it gets very interesting. if the house approves, and it's a big if, the deal would generate an estimated $600 billion in new revenues over t
well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just...
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are we going to avoid going over the fiscal cliff? >> i don't know. i think it's 50-50 as we go into the final hours here now. the fact that negotiations are ongoing is a good sign. i served on what was known as the biden group in the summer of 2011. unfortunately, at the end of the day, as you remember, the republicans walked out of those negotiations. why? for the same time they've abandoned all the negotiations so far, is they didn't want to ask high income individuals to share greater responsibility for reducing the deficit. they wanted to put that burden on the middle class. maybe in the final hours, something will change there. but it's important to understand that's exactly what's happening there. they're using the clock and the final hours and the threat of a slowing economy and higher taxes on middle income folks to try and get this leverage for bigger tax breaks for wealthy people. the more you provide tax breaks to folks at the top, the more the overall burden of dealing with our deficit, which we have to do over a long period of time, the
are we going to avoid going over the fiscal cliff? >> i don't know. i think it's 50-50 as we go into the final hours here now. the fact that negotiations are ongoing is a good sign. i served on what was known as the biden group in the summer of 2011. unfortunately, at the end of the day, as you remember, the republicans walked out of those negotiations. why? for the same time they've abandoned all the negotiations so far, is they didn't want to ask high income individuals to share greater...
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is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
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Jan 1, 2013
01/13
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senate voted on a deal to avert the fiscal cliff. however, members of the house left capitol hill yesterday without voting on any proposal. so to break it down what it means we are joined by renee marsh in washington this morning. and we are a few hours removed from the senate passing the agreement. >> reporter: that's right. this happened in the wee hours of the morning. that vote happened around 2:00 in the morning. but it was a long night but when we saw vice president joe biden make his way to capitol hill, that's when many of the observers knew that the negotiators had really struck a deal and we were moving forward here. of course vice president joe biden as well as senate republican leader mitch mcconnell were key in negotiating this deal. they are being referred to as the closeers here. so this all happened last night. joe biden met with fellow democrats and briefed them on where they were as far as the compromise. legislation was then drawn up and the senate met arounded 2 -- did around the 2:00 hour and cast the votes and t
senate voted on a deal to avert the fiscal cliff. however, members of the house left capitol hill yesterday without voting on any proposal. so to break it down what it means we are joined by renee marsh in washington this morning. and we are a few hours removed from the senate passing the agreement. >> reporter: that's right. this happened in the wee hours of the morning. that vote happened around 2:00 in the morning. but it was a long night but when we saw vice president joe biden make...
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america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> so
america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope...
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Dec 30, 2012
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these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give us an new years clutter is no match for someone with big ideas. edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.
these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly...
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Jan 1, 2013
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thanks. >> good to see you, chris, thanks. >> up next, the fiscal cliff and you. what the deal struck last night by the senate means for your bottom line. >>> plus, we'll also have the latest on secretary of state hillary clinton's condition. she continues to get treatment for a blood clot in a new york hospital. >>> and then later, coming to a theater near you. the new movies hitting the big screen in 2013. which will be the blockbusters and which won't be worth your buck? >>> so, here we are, 98% of americans will avoid a tax hike in the new year, of course, if the house goes along with the fiscal cliff deal that was reached in the senate very early this morning. individuals earning $400,000 a year, couples earning $450,000, will see their income taxes rise on amounts above their annual salary. and in addition to income taxes, the senate plan prevents other tax hikes and extends key benefits. here to talk about what this fiscal cliff deal could mean to you is retail and economic analyst hitha. >> happy new year. >> a lot of people breathing a sigh of relief, obv
thanks. >> good to see you, chris, thanks. >> up next, the fiscal cliff and you. what the deal struck last night by the senate means for your bottom line. >>> plus, we'll also have the latest on secretary of state hillary clinton's condition. she continues to get treatment for a blood clot in a new york hospital. >>> and then later, coming to a theater near you. the new movies hitting the big screen in 2013. which will be the blockbusters and which won't be worth...
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Jan 1, 2013
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the so-called fiscal cliff. do you know there is nearly 100 sections, just dealing with the extensions and the relief and provisions. goes to many, many pages, but the crucial point is as far as the world markets are concerned, this is just borrowed time. the bulk of the 600 billion in tax rises has been put to one side. you were talking a few moments ago, you have still got, it has to get through the house, senate, and signed and the two months on the spending cuts, and the debt ceiling, you've got the appropriati appropriations and reconciliation. the markets will finally say -- >> my remarkable expertise are you have seen this game play out. you watched this movie before, seen it before. and you have a deadline for a big deal and what you end up is a puny deal. >> you end up with -- i wouldn't use the phrase puny deal. i would use fudge. what have you here is a fiscal fudge. they have done the barest necessary to get over -- let's stick with the cliff analogy. you walk toward the cliff, and all they have real
the so-called fiscal cliff. do you know there is nearly 100 sections, just dealing with the extensions and the relief and provisions. goes to many, many pages, but the crucial point is as far as the world markets are concerned, this is just borrowed time. the bulk of the 600 billion in tax rises has been put to one side. you were talking a few moments ago, you have still got, it has to get through the house, senate, and signed and the two months on the spending cuts, and the debt ceiling,...
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Jan 1, 2013
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congress did not get it done and the country goes over the fiscal cliff in less th an hour but there is a deal in the works that could stop tax cuts, though it has to pass the house of congress in the next day and a half. it is uncertain. gary joins us now. >> reporter: taxes are going up for most workers because none of the deals being talked about stop taxes going up. for a working making $50,000 a year, that is a thousand dollars increase in your with holding. the income tax rates, there is a agreement to stop those for going up for 99%. there is a agreement to stop the big spending cuts from kicking in by kicking the can down the road a couple months. right now on the hill, outside the senate, they are waiting for word from vice president joe biden who is briefing the caucus on the deal that he reached with senate leaders and with the republican majority leader. they said a few moments ago that there will be a vote sometime before midnight tonight, no guarantee it will pass. whatever happens we are going over that cliff. >> happy new year. >> reporter: vice president joe biden me
congress did not get it done and the country goes over the fiscal cliff in less th an hour but there is a deal in the works that could stop tax cuts, though it has to pass the house of congress in the next day and a half. it is uncertain. gary joins us now. >> reporter: taxes are going up for most workers because none of the deals being talked about stop taxes going up. for a working making $50,000 a year, that is a thousand dollars increase in your with holding. the income tax rates,...
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. >> thank you, krystal ball, that wraps up our hour of the coverage of the fiscal cliff negotiations. thank you for joining us, and happy new year to you. msnbc's live coverage continues after this. >>> i am melissa rayburger, and we are continuing our coverage of the capitol hill, an agreement reached with the democrats and republicans to reach the deal. vice president joe biden came to meet with the democrats and try to sell the new deal that would prevent the across-the-board tax increases and spending cuts to a wide range of government programs. we've also learned that president obama personally called harry reid and nancy pelosi to ensure that they are on board with this plan. our chuck todd says it is not likely that we would see a deal on that vote before midnight, just on the logistical standpoint the house remains adjourned until tomorrow. mike, what is the latest you're hearing about a possible vote tonight, maybe not before midnight at this point, but sometime during the night? >> yeah, i don't think it will happen before midnight, just too many procedural hoops to jump th
. >> thank you, krystal ball, that wraps up our hour of the coverage of the fiscal cliff negotiations. thank you for joining us, and happy new year to you. msnbc's live coverage continues after this. >>> i am melissa rayburger, and we are continuing our coverage of the capitol hill, an agreement reached with the democrats and republicans to reach the deal. vice president joe biden came to meet with the democrats and try to sell the new deal that would prevent the across-the-board...
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this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think, wow, slavery was well entrenched. the black people were miserable. the whites were kind of cruel and indifferent. that's actually not true at all. in washington, in washington, they had about 30,000 people then as a city, 12,000 of them were black. the majority of the black people in washington actually in 1830 were free, were not slaves out of the 12,000 black people, slightly more than half were free. >> what led to washington, d.c.'s first race riots in 1835 and what part did francis scott key play. jefferson morley recounts the almost forgotten chapter in american history i
this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think,...
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this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics considered for the national campaign. these included public transportation costs, marriage equality, and others. the speaker of the house presided over the morning and afternoon sessions. such a calm and orderly chamber. [laughter] [inaudible] not together accustomed. it's the the forted meeting the u.k. youth parliament in the house of commons, and i want to underline just how hugely welcome you are by parliame
this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more...
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we can either move forward in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove this, what are you hearing from the other side, anything? >> what your question is better addressed to the republicans coming out of their conference. we just came out of hours and we know what you tell us as to what is coming out of their caucus. >> we have not had an opportunity to talk to the leadership at this point. >> you have said you preferred a straight up or down vote, is that because of the time were that because of the vice president? >> it was a bill passed in the united states senate 89-8. tell me when you have had that on a measure as controversial as this. >> they had troubles with that one almost to
we can either move forward in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove...
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cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there is no deal and it doesn't vote favorably in the house and the president doesn't sign the bill, watch the stock market. >> is this whatever happens do you get the sense, this is going to be a short-term solution until we get to this february debt ceiling? >> oh, absolutely. the debt ceiling is going to make this look like kindergarten. >> fox 5 political analyst. >> another big story we are following don't same sex marriage in maryland it's now officially legal for couples to wed. and what a way to start the
cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there...
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fiscal cliff negotiations for throwing a wrench in expanding his franchise. he started a business and now has about 50 employees. >> i'm just frustrated and i'm angry and i just want to move on and grow our business and help to support the economy and all of the people that we employ. but instead we're just on hold here. >> reporter: with so many sectors of the economy bracing for financial pain, patience has worn thin. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brat who is are r more interested in being right than in doing the the right thing and representing the people who elected you. >> reporter: mary snow, cnn, new york. >>> i'm joe johns. thanks for joining us. cnn newsroom continues now with ashlee banfield. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. the
fiscal cliff negotiations for throwing a wrench in expanding his franchise. he started a business and now has about 50 employees. >> i'm just frustrated and i'm angry and i just want to move on and grow our business and help to support the economy and all of the people that we employ. but instead we're just on hold here. >> reporter: with so many sectors of the economy bracing for financial pain, patience has worn thin. >> this whole fiscal cliff mess shows how incredibly out...
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taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says our liberties are being weakened. i am so sorry that they tried to discredit him. he makes a lot of sense. he bases his thinking on the founding fathers and their intentions. i am not very clear of the fiscal cliff. i understand that we are in trouble. the middle east situation that is going on is a can of worms. with our economic downturn, i am not so sure about that yet. even things like that mortgages, which is true. >> are you working? caller: i am unemployed, but i do? taxes. i stopped getting it in march of last year because of my health issues. >> unemployment is going to end, that is one of the expir
taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says...
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>> fiscal cliff. >> they confirmed baby news. i guess west announced it at a concert, and now kardashian has confirmed it. there you go. she's still married, by the way -- she's filed for divorce but still married. 72 days after they tied the knot, she filed for divorce from kris humphreys. >> scandalous. i'm very into this fiscal cliff thing. i haven't been following other popular news. but after today, i'm going to be so up on the kardashians. once we settle this fiscal cliff thing, which we're going to do. >> two words you don't hear together, sanjay gupta, and the kardashian update. >> we're keeping a close eye on washington and the fiscal cliff, which is why i didn't know about the kardashian-kanye thing. we're going to talk to chris from the national journal working his sources. >>> and now a new year's eve resolution for washington from you. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, and bring a balanced budg
>> fiscal cliff. >> they confirmed baby news. i guess west announced it at a concert, and now kardashian has confirmed it. there you go. she's still married, by the way -- she's filed for divorce but still married. 72 days after they tied the knot, she filed for divorce from kris humphreys. >> scandalous. i'm very into this fiscal cliff thing. i haven't been following other popular news. but after today, i'm going to be so up on the kardashians. once we settle this fiscal...
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yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer from the republicans to include in this deal, which has been from the democrats perspective, mostly focused on taxes to include in it, a change in a t
yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's...
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there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner comes out georgia. up on the east coast, new york city is for the bankers are and insurance companies and derivatives and the jews that run the media. host: i will stop you on that point. this is from jan. some of you sharing your thoughts on our facebook page as well. one person writes -- host: join us honor twitter page or on our facebook page. rick from charlotte, north carolina. caller: good morning, america and steve. this is a great time to be an american. i think we are all looking forward to the new year. i am a loyal but nervous. -- i am a little bit nervous. mi
there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner...
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it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today,
it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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the fiscal cliff is the worst -- i mean they know what they got to do. they just don't want to do it because it's unpleasant. they know raising taxes and cutting spending but i -- >> i'm going to give you the worst political theater, new york governor andrew cuomo and new york mayor michael bloomberg blaming hurricane sandy on global warming. come on guys! >> he's right. >> you build houses on the shoreline and you're going get flooded whether it's a combination of high tides, storm surge and wind even by a category 1. the weakest category. like sandy. you going to get flooded. you got it pat? >> seems to >>> okay. most underreported story of 2012. pat? >> now the big media went into the tank for barack obama. >> eleanor? >> when you have hundred year storms every couple of years. you've got a problem. the most seriously underreported story is the threat of climate change. >> oh dear. susan? >> federal government rate of the gibson guitar factory. they confiscated the merchandise because a small business took some wood -- that was the incorrect level of
the fiscal cliff is the worst -- i mean they know what they got to do. they just don't want to do it because it's unpleasant. they know raising taxes and cutting spending but i -- >> i'm going to give you the worst political theater, new york governor andrew cuomo and new york mayor michael bloomberg blaming hurricane sandy on global warming. come on guys! >> he's right. >> you build houses on the shoreline and you're going get flooded whether it's a combination of high tides,...
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these were not part of the fiscal cliff conversations. for the last couple years people were only paying 4.2% on their first $106,000 of income. starting next week at 6.2% so someone who makes $50,000, that is an extra i think thousand dollars a year. so anybody who gets income from their paycheck is going to see a smaller paycheck starting with their first one because the payroll tax holiday expired and, you know, for people who are walmart shoppers who are spending what they earn, this means less income for them. so i think we are going to see that show up in consumption, retail sales to a certain degree almost immediately. >> all right. daniel gross, thank you for that perspective. happy new year to you sir. >> thank you. happy new year. >>> now to some good news from capitol hill. almost a year after a stroke left him barely able to move the left side of his body republican senator mark kirk of illinois is expected to return to congress later this week. the 53-year-old has managed to complete an experimental rehabilitation that's been
these were not part of the fiscal cliff conversations. for the last couple years people were only paying 4.2% on their first $106,000 of income. starting next week at 6.2% so someone who makes $50,000, that is an extra i think thousand dollars a year. so anybody who gets income from their paycheck is going to see a smaller paycheck starting with their first one because the payroll tax holiday expired and, you know, for people who are walmart shoppers who are spending what they earn, this means...
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. >>> just hours away from the fiscal cliff deadline and still no deal. lawmakers called it a day around 7:30 tonight and will be back tomorrow. they're stuck on the income threshold for higher taxes and the taxevel on large estates. vice president joe biden has taken over as lead negotiator for democrats and expected to keep working with mitch mcconnell. steve handelsman explains why some lawmakers might prefer to go over the cliff. >> reporter: the night before the fiscal cliff. >> the senate stands in recess. >> reporter: the senate gave until tomorrow. >> there still time left to reach an agreement. >> reporter: house lawmakers headed home, dropping a command to cut social security and hope the senate sends them a deal with minimal tax hikes on the rich. >> i'm still optimistic that we can get this averted before the final hour here tomorrow. >> reporter: when the clock strikes 2013, taxes go up on most americans. huge defense cuts kick in, which some republicans claim barack obama favors. >> it's obvious the president wants us to go over the fiscal c
. >>> just hours away from the fiscal cliff deadline and still no deal. lawmakers called it a day around 7:30 tonight and will be back tomorrow. they're stuck on the income threshold for higher taxes and the taxevel on large estates. vice president joe biden has taken over as lead negotiator for democrats and expected to keep working with mitch mcconnell. steve handelsman explains why some lawmakers might prefer to go over the cliff. >> reporter: the night before the fiscal...
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that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of magicianship, you appear to be doing that right now. it looks like rates will increase. that technically is not a good thing for you and your pledge. >> it's a very bad thing for the economy, because what they're talking about is some -- allowing the rates to go back up, not just back up. remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of...
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we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about $500 billion, which you don't think is sufficient nlt. but if you're not prepared to see taxes raised on the middle class, you want this threshold to be lower, and you're not really that interested in entitlement cuts, you made that pretty clear, where actually do you deal with curtailing the growth in the deficit and the debt? >> i go first of all to military defense cuts. we have a bloated military. our military right now, our military spending is larger than the next 13 military budgets, the next 13 nations put together. i would also go after co
we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about...
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special coverage of the fiscal cliff negotiations. but we wanted to tell you, once again, secretary of state hillary clinton has been hospitalized. that being confirmed this hour by phillipe rhines at the state department. in the course of a follow-up exam today, secretary clinton's doctors discovered a blood clot formed stemming from the concussion she sustained several weeks ago. she's being treated with anti-coagulants at new york presbyterian hospital so they can monitor the medication over the next 48 hours. her doctors will continue to assess her condition, including other issues that may be associated with the concussion and then determine if further action is required. you may remember that she had a severe stomach virus and became severely dehydrated, and then we learned, in the middle of december, that after she canceled an overseas trip, that she had fainted and because of that severe dehydration, and suffered that concussion, she also had to cancel her testimony on benghazi. we have been told that she was expected to go ba
special coverage of the fiscal cliff negotiations. but we wanted to tell you, once again, secretary of state hillary clinton has been hospitalized. that being confirmed this hour by phillipe rhines at the state department. in the course of a follow-up exam today, secretary clinton's doctors discovered a blood clot formed stemming from the concussion she sustained several weeks ago. she's being treated with anti-coagulants at new york presbyterian hospital so they can monitor the medication over...
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if we go over the fiscal cliff works comes out on top? >> it sounds like the president does, after all, he's the won the election. the polls show that the american people for the most part favor some sort of tax increase for the wealthy, but quite frankly the losers are just about everybody. certainly those who are in the position to need unemployment insurance, federal workers, those who are beholden to the government, that type of thing, and i think that also the political system in the united states is a loser. i really do believe that the polls bear this out, that people are really getting disgusted with all the players in this game, and they want to see it stopped. >> let bring in paul cain, congressional correspondent for the "washington post." you know, to what bob was just saying americans are shaking their heads at all of this, just watching this blame game and wondering where are we going with this. >> you know, melissa, the other night mark begich, freshman senator from alaska when he was walking out friday night, he called it
if we go over the fiscal cliff works comes out on top? >> it sounds like the president does, after all, he's the won the election. the polls show that the american people for the most part favor some sort of tax increase for the wealthy, but quite frankly the losers are just about everybody. certainly those who are in the position to need unemployment insurance, federal workers, those who are beholden to the government, that type of thing, and i think that also the political system in the...
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the subject is fiscal cliff update. colleagues. i appreciate your patience and know you are anxious to understand where we stand on the package. the tax piece is complete and done as of last evening at 1:45 a.m. i thought the entire deal was done. the white house called his morning asking that we also turn off the sequester. the white house has yet to the agree to the $100 beautiful various proposals i suggested but we are continuing to talk. in other words, they wanted that deal to be done. it's not. arthel: thank you so much. we are back in two minutes. arthel: a brand-new hour, we start with a fox news alert. there is just 10 hours left for law makers to resolve a debate that began with cutting our nation's debt and now threatens to raise taxes on nearly every american. brand-new hour of "america live." rick: these last-minute meetings, as we have been getting reports about significant progress. but with lawmakers still at odds over the particulars of the plan threatening to take shape. the possibility of a midnight tax hike is
the subject is fiscal cliff update. colleagues. i appreciate your patience and know you are anxious to understand where we stand on the package. the tax piece is complete and done as of last evening at 1:45 a.m. i thought the entire deal was done. the white house called his morning asking that we also turn off the sequester. the white house has yet to the agree to the $100 beautiful various proposals i suggested but we are continuing to talk. in other words, they wanted that deal to be done....
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"special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemployment benefits for ano
"special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate...
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caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that i
caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the...
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the president has created this fiscal cliff. he has said he will not approve keeping the same tax rates for those 99% that people have sympathy for, that i have sympathy for in my state. i'm one of the 99%. i'm not one of the 1%. most of my friends i know are in the 99%. i want to protect their rate, and i would protect everyone's rate. the president is the one who has created this fiscal cliff. he insists on raising taxes. it's really his intransigence that endangered the 99%. >> the president is saying he's now willing to do what the republicans asked in 2001, 2003, make the bush tax cuts permanent. he's saying yes, the democrats have agreed. they say they will be permanent. no tax increases for 99%, for people making under $450,000 a year. those will be permanent tax cuts. you support that, but because 1% are going to have to pay a little more, they're going to go from 35% to 39.6% if you're making more than $450,000 a year, you're willing to see all those millions of middle class families suffer. >> actually, if it were only
the president has created this fiscal cliff. he has said he will not approve keeping the same tax rates for those 99% that people have sympathy for, that i have sympathy for in my state. i'm one of the 99%. i'm not one of the 1%. most of my friends i know are in the 99%. i want to protect their rate, and i would protect everyone's rate. the president is the one who has created this fiscal cliff. he insists on raising taxes. it's really his intransigence that endangered the 99%. >> the...
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this major parts of the fiscal cliff. when you prevent a broad based tax increase you are still keeping money in people's pockets. that's money they will spend on products that could improve hiring or at least not hit hiring as much as it would with that broad-based tax increase. keep some the money in the economy. that's good for the markets, that's good for folks working at different establishments and businesses and products. but there still a major problem out there, especially when you look at the u.s. deficits and debt and some investors are saying that congress still needs to address structural debt problems. >> if we get a fiscal deal that really addresses the long-term trajectory, that might be the final piece of the rubiks cube that could lift markets and take them up to double digits gains for 2013. >> and, of course, bret, as have you been reporting, it's unlikely we are going to get a structural debt deal in just the next three and a half hours, bret. >> bret: last thing, we are now saying that this is going
this major parts of the fiscal cliff. when you prevent a broad based tax increase you are still keeping money in people's pockets. that's money they will spend on products that could improve hiring or at least not hit hiring as much as it would with that broad-based tax increase. keep some the money in the economy. that's good for the markets, that's good for folks working at different establishments and businesses and products. but there still a major problem out there, especially when you...
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and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game anymore. unfortunately, he's going to play that game. so we'll have crisis number two, even if they solve this mini crisis today, or tomorrow. >> this white house fallback deal that senator reid is talking about pushing, if it comes to that, talk a little bit about this. >> that is the very minimal. what that is is going back to what he originally proposed. anybody who makes over $250,000, their taxes will go up. this is something that republicans before didn't agree with and the president actually raised it to $400,000. but now maybe they'll pass that, and the extension of unemployment benefits, 2 million people, lose unemployment benefits. if that should happen, they'll say, wait a second, we capitulated on that to fight for another day, because we just had to produce something. >>
and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game anymore. unfortunately, he's going to play that game. so we'll have crisis number two, even if they solve this mini crisis today, or tomorrow. >> this white house fallback deal that...
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if not for the so-called fiscal cliff debate they're trying to strike a deal on. that would be also on other legislation that would come up with 113th congress. democrats want to ensure they have 55 votes when the 113th congress begins on january 3rd. >> senior political editor mark murray for us on this thursday, appreciate it, sir. >> thank you, craig. >>> outrage of russian president vladimir putin's decision to sign a bill to block americans from adopting russian children and a video of a squarm bursting in a shopping mall. details on that story around the "news nation." [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better unde
if not for the so-called fiscal cliff debate they're trying to strike a deal on. that would be also on other legislation that would come up with 113th congress. democrats want to ensure they have 55 votes when the 113th congress begins on january 3rd. >> senior political editor mark murray for us on this thursday, appreciate it, sir. >> thank you, craig. >>> outrage of russian president vladimir putin's decision to sign a bill to block americans from adopting russian...
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to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he spoke to top democrats and republicans and no negotiation meetings have been set. at least not formally or public limit there's nothing set yet between all the sides to discuss this. the president's back in washington after he cut short vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the
to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he...